Over the past month, Bulgarian domestic rebar and wire rod prices have risen by BGN 10/mt (€5/mt) amid the relatively better demand, while merchant bar and beam prices have fallen by BGN 10-50/mt (€5-26/mt) against the backdrop of the sluggish demand for these products. In addition, some market players are trying to introduce a higher rebar price at BGN 1,200-1,220/t (€614-633/mt) CPT.
Due to the relatively higher ex-Turkey longs prices most Bulgarian buyers are attempting to evaluate North African suppliers' longs export prices. North African rebar and wire rod prices are standing at $560-570/t FOB, SteelOrbis has heard. Last month, an Algerian supplier was offering rebar at $540/mt FOB to Bulgaria with freight of around $30-35/mt. The negotiations for the next quota round, starting on January 1, are expected to be on the table by the end of October.
Local prices for long products in Bulgaria, BGN/mt (€/mt) CPT
Product |
Price, CPT |
Monthly change |
||
BGN/mt |
€/mt |
BGN/mt |
€/mt |
|
1,170-1,190 |
598-608 |
0/+10 |
0/+5 |
|
1,220-1,240 |
624-634 |
+10/+10 |
+5/+5 |
|
Merchant bars |
1,340-1,380 |
685-706 |
-10/-40 |
-5/-20 |
1,480-1,580 |
757-808 |
-50/-20 |
-26/-10 |
|
Turkish rebar and wire rod export offers to Bulgaria for November-December shipment are available at $600-610/mt and $610-620/mt FOB versus $590-595/mt FOB and $595-600/mt FOB, respectively, over the past month. The estimated freight rate from Turkey to Bulgaria is around $20-25/mt (€19-23/mt). Sources report a few Turkish mills are testing $620-640/mt CIF Bulgaria and Egyptian rebar offers are at around $630/mt CIF Bulgaria, while the realistic level is evaluated at $590-600/mt CFR.
Moreover, ex-Turkey and Poland merchant bar offers at €610-620/mt CIF and €690/mt CPT respectively. Moreover, ex-Turkey and Poland beams prices at €700-850/mt CPT and €750-820/mt CPT. In addition, ex-Romania and Spain beams prices are standing at €750/mt CPT and €750-760/mt CIF respectively.
€1 = BGN 1.956
$1 = €0.925